UBS Maintains a 'Buy' on Hecla Mining (HL); Consistency Should Support Higher Valuation

UBS maintains a 'Buy' on Hecla Mining (NYSE: HL) price target slightly raised to $10.00.

UBS analyst says, "HL tends to deliver consistent operating and financial results, with Q3 2011 being another example. Yet, on a P/NAV basis HL shares are currently trading at a +20% discount to its silver peers. Also, today’s high silver prices potentially open the door to growth prospects that might not have otherwise been viable. HL has studies ongoing at several of its historic properties, which could unlock value over coming years. We believe HL offers attractive value with medium-term rerating potential."

For an analyst ratings summary and ratings history on Hecla Mining click here. For more ratings news on Hecla Mining click here.

Shares of Hecla Mining closed at $6.88 yesterday.

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